In order to qualify for employee retention tax credits (ERC), a business needs to fit into at least one of these three categories:
(Recovery Startup Business)
Your company opened after February 15, 2020
(Full/Partial Suspension Order)
If your suppliers were unable to deliver you goods or materials due to government/county shutdown orders or if covid financially affected you due to other mandates and modifications issues by the county/state/government
(Significant Decline in Gross Revenue)
If your business experienced a quarter-over-quarter decline in 2020 and/or 2021 as compared to 2019
In addition, there are other requirements and/or conditions to be met that we determine on a case-by-case basis. For example, how you applied your PPP loan and owners'/family wages have to be taken into consideration.
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